Record number of patent applications filed globally in 2022, says WIPO
GENEVA, SWITZERLAND - Global patenting activity soared to new records in 2022, fueled by Indian and Chinese innovators, but an...
Business
Business
Oman and Syria agree to boost cooperation ‘in all fields’
The foreign ministers of Syria and Oman have held discussions on how to promote cooperation between the two countries on...
- They also underscored the importance of dialogue and resolving various issues through peaceful political solutions in a manner that serves aspirations of peoples
- The talks laid emphasis on the keenness of the two countries' leaderships to enhance and develop these relations in all fields
Business
Arada awards $87m housing contract in Aljada project
Arada has awarded an AED322 million ($87m) contract to build eight premium apartment buildings in Aljada, the AED24 billion lifestyle...
- The contract involves eight Tiraz buildings form part of Naseej District, the new creative neighborhood at Aljada, containing 920 homes.
- Spread over a 24 million square foot area, Aljada is Sharjah's largest ever project and a transformational destination for the Emirate.
Economy
India announces digital currency and ‘crypto tax’ in budget
India will have its own digital currency starting 2022-23, Finance Minister Nirmala Sitharaman said while announcing the country’s budget for...
- India is launching a digital currency that is expected to use blockchain and other technologies
- The country is also levying a 30 percent tax on all virtual digital assets, which could mean cryptocurrencies
Geostrategy
KSA, Iraq sign MoU on agricultural, livestock, fisheries cooperation
The MoU was concluded during the preparatory and ministerial meetings between the two sides.
- The MoU was concluded during the preparatory and ministerial meetings between the two sides
- The two countries discussed issues of common concern in the fields of environment, water, agriculture, and food security
Geostrategy
Committed to two-state solution, US tells Palestine
US Secretary of State Antony Blinken spoke with Palestinian Authority President Mahmoud Abbas on Monday, January 31.
- The two parties discussed the importance of strengthening the US relationship with the Palestinian Authority
- They also discussed the need to improve the quality of life for Palestinians in tangible ways
Business
Business accelerator set to develop cybersecurity sector in Saudi Arabia
Saudi National Cybersecurity Authority (NCA) has launched a business accelerator specialized in the foundational technologies and priority emerging technologies in...
- The launch of the accelerator comes in a strategic partnership with the Saudi Information Technology Company (SITE)
- The accelerator will support the most growing sectors in cybersecurity by activating national and international partnerships
Infographics
Social media dominate popular websites in region
Globally, the top three websites -- Google, Youtube and Facebook -- woo more than 152 billion visits monthly, outpacing the...
- Beside Google, Youtube and Facebook, there are a few other online giants who have unmatched dominance in the cyberworld.
- Together, the top three websites woo more than 152 billion visits monthly, outpacing the next 47 websites combined
Business
Egypt finalizes pact with Siemens to run high-speed train line
Egypt’s Ministry of Transport will sign a contract with Siemens to implement the second high-speed train line in the country....
- The new line will extend from 6th of October city to Aswan, with a length of 925 kilometers (575 miles approx).
- The cost of this project will be financed through a soft foreign government loan and the state's general budget.
Business
Saudi defense company AEC to display modern technology at LEAP
The Advanced Electronics Company (AEC), a Saudi Arabian Military Industries (SAMI) company, will participate in LEAP technology conference, a global...
- AEC will display a complete range of solutions, systems, and products, including its flagship cybersecurity technology Data Diode.
- The conference is organized by the Saudi Ministry of Communications and Information Technology.
Geostrategy
US condemns missile attack on the UAE
The United States has condemned the Houthi missile attack on the UAE. On Monday morning, the UAE air defense forces...
- The Ministry of Defense said in a statement that "there were no casualties resulting from the attack, and the fragments of the ballistic missile fell outside of populated areas"
- "We condemn the latest Houthi missile attack on Abu Dhabi," tweeted Edward Price, the Spokesperson for the US Department of State
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Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
Company News
Yahsat to pay $53.5m H1 dividend
Business
Wizz to set up fleet in KSA
Business
Latest News
WB expects UAE’s real GDP to grow by 5.9% in 2022
The global financial institution said higher oil receipts supplemented with a gradual non-oil recovery in the Emirates will bolster fiscal...
Economy
UAE, China eye $200bn bilateral trade by 2030
The UAE is China’s most important trade partner in the Arab world and responsible for 28 per cent of total...
Infographics
Major Saudi Arabian cities witness strong demand for residential, office real estate
Saudi government policies like 15 percent VAT exemption on real estate deals and affordable housing programs are boosting residential real...
Infographics
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Business
DEWA adds 600MW of clean energy production capacity
DUBAI, UAE - MD and CEO of Dubai Electricity and Water Authority Saeed Mohammed Al Tayer said DEWA had added...
- Mohammed bin Rashid Al Maktoum Solar Park will have a production capacity of 5,000 megawatts (MW) by 2030.
- The fifth phase is currently underway, with a total capacity of 900MW and investments estimated at $560 million.
Business
Banque Saudi Fransi net profit up 15%
The bank’s profit for the nine-month period peaked at $719m.
- The hike in profit was driven by boost in total operating income, partially offset by an increase in total operating expenses by 20.18 percent.
- The bank said the increase in total operating income was driven by higher net special commission income, exchange income, net as well as other operating income.
Business
Nedaa, Nokia ink 5G deal in Dubai
5G network will help Nedaa provide better services.
- With the introduction of 5G, Nedaa will be able to support enhanced services for public safety and management of vital operations.
- The MoU sets a framework for upgrading the existing network capabilities and introducing agile and advanced services.